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Ethereum DEXs now move billions daily with faster and cheaper transactions on Layer 2 networks.
Uniswap leads the market, but new platforms like Maverick and Bancor show rising competition.
Flexible liquidity tools and low-cost stablecoin swaps make Ethereum DEXs key to crypto growth.
Decentralized exchanges, known as DEXs, are platforms that let people trade tokens without needing a regular exchange like Binance or Coinbase. Instead of giving money to a company, traders use wallets to swap tokens directly.
Over time, these exchanges have grown bigger and more advanced, moving billions of dollars each day. This article lists the ten best DeFi exchanges on Ethereum that investors and traders can consider.
Below are the top 10 DEXs on Ethereum that are shaping the DeFi market in 2025:
Uniswap is the most popular DEX on Ethereum. Its third version introduced a new style of liquidity where providers could focus their funds in smaller price ranges, which increased earnings. The fourth version makes trading cheaper and allows developers to build new features on top of it.
Curve is built for stablecoin trading. Tokens like USDT, USDC, and DAI are swapped on the platform with very low slippage, which means traders lose less value during trades. Curve has become important for projects and investors who deal with large amounts of stablecoins.
Also Read: Top Decentralized Exchanges to Use in 2025
SushiSwap started as a copy of Uniswap but slowly grew into its own platform. The decentralized exchange offers staking, farming, and trading across different blockchains. Many users still go to SushiSwap when they want access to new or smaller tokens.
Balancer is known for flexible pools. Instead of two tokens with equal weight, the platform allows pools with many tokens in custom ratios. For example, one pool can be 80% ETH and 20% another token. This system gives liquidity providers more control over their holdings.
1inch is an aggregator, which means the decentralized exchange looks across many exchanges to find the best price for a trade. The platform also offers tools like limit orders and helps traders save gas fees. As more trading shifts to Layer 2 networks, 1inch has become a useful platform for better prices.
IDEX brings features from centralized exchanges into the decentralized space. The DEX on ETH provides limit and stop orders and has recently added perpetual trading. IDEX also runs on its own Layer 2 system, making transactions faster and cheaper.
Also Read: Best Decentralized Exchange and Launchpads To Use After the Recent ByBit Hack
0x is not a singular exchange but a base system that powers many others. Developers use it to build trading platforms. Even though 0x Protocol is not always seen directly as a DEX platform, it plays a large role in connecting different exchanges and keeping liquidity active.
Kyber is focused on fast token swaps and powers wallets and apps by pulling liquidity from different sources. Though smaller than Uniswap or Curve, Kyber has stayed important because of its role in supporting other projects.
Bancor introduced single-asset staking, which means liquidity providers do not need to supply two tokens at the same time. The platform also worked on ways to reduce impermanent loss, a common risk in providing liquidity. This made Bancor attractive to cautious investors.
Maverick is a new exchange in the crypto market that allows liquidity providers to control how their funds are placed in pools. This makes trading more efficient. The platform’s design is pulling in more users who want better returns.
Ethereum’s DEX scene has moved far beyond simple token swaps. With the help of Layer 2 networks, gas fees are dropping, and new designs are improving speed and efficiency. Competition is pushing each platform to improve and add fresh ideas.
Uniswap is still leading the market, but platforms like IDEX, Bancor, and Maverick show that there is room for innovation. With Ethereum growing stronger, decentralized exchanges might become a central part of crypto trading.
1: What makes decentralized exchanges (DEXs) on Ethereum different from regular exchanges?
DEXs let users trade directly from wallets, without middlemen like Binance, giving more control and security.
2: Why is Uniswap considered the leading decentralized exchange on Ethereum in 2025?
Uniswap leads with concentrated liquidity, cheaper trades in v4, and strong developer tools driving innovation.
3: How does Curve Finance help traders dealing with stablecoins like USDT, USDC, and DAI?
Curve allows low-slippage swaps, making it ideal for large stablecoin trades with minimal loss in value.
4: What role does 1inch play compared to other Ethereum-based decentralized exchanges?
1inch aggregates prices across DEXs, saving traders money with best rates, limit orders, and gas fee tools.
5: Why are new DEXs like Maverick and Bancor becoming popular among Ethereum users?
They offer flexible liquidity, single-asset staking, and tools to reduce risks, attracting cautious investors.
